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Tim Yeung
- Feb 25, 2019
- 3 min
HK Co. Essentials - Annual General Meeting
For Hong Kong private limited company, we are focusing on filing of Annual Return (NAR1) and renewal of Business Registration Certificate (BR), while often overlooked the importance to maintain good records in relation to Annual General Meeting (AGM). Missing AGM is an offence and might be prosecuted by Companies Registry Although no mandatory filing requirement on relevant documents of Annual General Meeting, this is an offence under Companies Ordinance and there were actual
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Tim Yeung
- Dec 8, 2018
- 2 min
HK Co. Essentials - Deregistration
For Hong Kong private limited company, deregistration is one of the exit methods for closing of business, which is also a simple, common and straight forward option compare with liquidation (winding up). Conditions to apply Deregistration The company must meet the following conditions before making an application for deregistration: all the members of the company agree to the deregistration; the company has not commenced operation or business, or has not been in operation or
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Tim Yeung
- Dec 1, 2018
- 2 min
HK Co. Essentials - Declare the Company Dormant
For Hong Kong private limited company, at time of economic downturn, personal reason, or founder has accident; instead of wind-up the whole business, temporary suspension of business is also an available option, which is to apply and declare the company dormant. Benefits of applying the Company Dormant Company applied to become a dormant company are exempted from Annual Return filing and requirement of carrying out audits of its accounts. Also, if the company holds certain in
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Tim Yeung
- Nov 11, 2018
- 3 min
HK Co. Essentials - Amendment (Change) of Articles of Association
For Hong Kong private limited company, instead of Memorandum and Articles of Association (“M&A”), we only issue the Articles of Association (“AA”) only; this is because the Memorandum mainly is to state the object clause of the company, where nowadays, company in Hong Kong is free to engage any legitimate business, Companies Registry has abolished the Memorandum of Association during the launch of New Companies Ordinance in 2014. When should I amend/alter/change of the Articl
2,184 views0 comments

Tim Yeung
- Nov 4, 2018
- 3 min
HK Co. Essentials - Change of Registered Office Address
Every private limited company in Hong Kong MUST have a registered office in Hong Kong for government authority to get contact with, mainly for notice and correspondence, and some occasions, on-site inspection. This article is to share with you some commonly ignored but important matters in relation to change of registered office address and how we can do it right to avoid any adverse consequence, either this is really your physical office or just because you decided to change
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Tim Yeung
- Oct 28, 2018
- 4 min
FAQ - Change of Company Name
In last blog post, we shared some basic and essential information about Change of Company Name of a Hong Kong private limited company (link here); Companies Registry has provided FAQ section (link here) to answer some commonly asked questions, we also would like to share some interesting questions and respective answers where you may encounter in future. Q1. Can I have Italian / Japanese / Simplified Chinese characters in my company name? Company Registry currently only acce
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Tim Yeung
- Oct 21, 2018
- 3 min
HK Co. Essentials - Change of Company Name
It is very important for the company having a good name. A good name can bring a broad development path to the company. In end of 2016, we shared a blog post on how to come up with a good business name (link here). Just in case you hare a brilliant company name that suits your business so well, and would like to change your company name, this article will share you how to do that. Availability of proposed company name Prior to proceed name change, we need to check whether the
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Tim Yeung
- Oct 19, 2018
- 3 min
HK Co. Essentials - TCSP Licensee (Registered Agent)
In last blog post, we discussed about the mandatory requirement of Know Your Customer (KYC), which all trust and company secretary service providers are required to follow. In this article, we will talk about TCSP License. When was the licensing requirement launched? To allow government regulates and monitors these providers, with effective from the 1st March, 2018, any services provider wishes to engage to relevant business, the company is required to apply for a TCSP licens
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Tim Yeung
- Oct 6, 2018
- 3 min
HK Co. Essentials - Know Your Customer (KYC)
In the past, around 10 years earlier, company setup and bank account opening were a piece of cake, everything could be done within a week. Since 2014, customers started experiencing hard time in bank account opening and Know Your Customer (KYC) process became mandatory in all banking and financial institutes. Background of Know Your Customer (KYC) The main purpose of KYC is quite straight forward, mainly are: Anti-Money Laundering (AML); and Counter-Terrorist Financing; Whil
83 views0 comments

Tim Yeung
- Sep 27, 2018
- 3 min
More Insights on HK Co. - Funding your Company
When talking about funding your company, or your need new capital to be injected to your company, usually your company secretary will advise you by means of Share Allotment, because it is simple, straightforward and easy to arrange. Yet, some of the time, we don’t want to increase the number of shares, perhaps because of certain shares restriction, shareholding portion balance, you want the money but not sacrificing the shareholding power, or simply to make the value per sha
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Tim Yeung
- Sep 23, 2018
- 3 min
HK Co. Essentials - Significant Controllers Register
This article is to give a brief outline on the new legislative requirement (with effective on 1 March, 2018) of keeping and maintaining Significant Controllers Register (SCR) of all Hong Kong companies at the company's registered office or any other place in Hong Kong (where NR2 is required to specific and file to registry) . Background of Significant Controllers Register (SCR) The mandatory requirement to keep SCR is to fulfil the Anit-Money Laundering and Counter-Terrorist
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Tim Yeung
- Sep 15, 2018
- 2 min
HK Co. Essentials - Allotment of Shares
This article is to give a brief outline on how to arrange allotment of shares of a Hong Kong private company. Difference between Share Transfer and Share Allotment The main difference between Share Transfer and Share Allotment is about the money flow. For share transfer, it is the new shareholder paying the existing shareholder as purchase price of the shares on his/her hand, while share allotment, this is the company to allot new shares for new/existing shareholder to purch
1,039 views0 comments

Tim Yeung
- Sep 11, 2018
- 3 min
HK Co. Essentials - Change of Shareholder
This article is to give a brief outline on how to arrange change of shareholders of a Hong Kong private company. In company secretary field, we call this as “Transfer of Shares”, which means certain shares hold by existing shareholder is transferring to another person or company. As the shares are personal assets, every shareholder has the right to sell his/her shares to anyone, yet, as the shares are also under the name of the company, any transfer of shares is required to
332 views0 comments

Tim Yeung
- Sep 3, 2018
- 2 min
HK Co. Essentials - Change of Director
This article is to give a brief outline on how to arrange change of directors of a Hong Kong private company. Director is the position specific under Companies Ordinance Unlike a director as a job title, the director in a Hong Kong private company has special power to control and manage the company, even to approve allotment of shares, and to acquire or dispose assets of the company. Normally, to add a director, such should be appointed by the Shareholders or the Board of Dir
181 views0 comments
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